Banking Recap

Fold Holdings, Inc.: Sponsors Coverage Transaction

This is a SPAC business combination in the fig sector in which Fold Holdings, Inc. (ticker FLD) is the target combining with FTAC Emerald Acquisition Corp. The product group is sponsors-coverage, consistent with the SPAC structure. The disclosed value is not stated in the source document(s).

Feb 14, 2025·SEC EDGAR (8-K)·pending regulatory·SPAC business combination

The facts are sourced from an 8-K filed with the SEC via EDGAR, published on February 14, 2025. The deal's current status is pending regulatory review.

Only one financial advisor is identified in the facts block: Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, which served as the lead financial advisor to Fold in multiple capacities, namely financial advisor, capital markets advisor, and placement agent. The source sentence states: "Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as exclusive financial advisor, capital markets advisor, and placement agent to Fold." No financial advisor to FTAC Emerald Acquisition Corp is identified in the facts provided.

Legal advisors are disclosed for both sides: Latham & Watkins LLP is acting as legal advisor to Fold, the target, while Stevens & Lee PC is acting as legal advisor to FTAC Emerald, the SPAC acquirer.

Beyond the classification of this transaction as a SPAC business combination, no further detail on the valuation, PIPE financing, or other specific terms is included in the facts provided.

Several items are not disclosed in this record: the transaction value is not stated, no financial advisor to FTAC Emerald is identified, and no expected closing date is given beyond the pending-regulatory status.